Save on Buick Enclave Insurance in Anchorage

A recent insurance study revealed that 70% of consumers kept their policy with the same company for more than four years, and roughly 40% of drivers have never quoted rates to find lower-cost coverage. Many consumers in the U.S. can cut their rates by approximately 46.5% a year by just comparing rate quotes, but they just assume it’s a time-consuming process to find lower-cost insurance by shopping around.

The recommended way to get low-cost auto insurance rates in Anchorage is to compare quotes once a year from companies who provide car insurance in Alaska. Prices can be compared by completing these steps.

• First, learn about how companies set rates and the measures you can control to prevent rate increases. Many policy risk factors that increase rates like speeding tickets, careless driving and poor credit history can be remedied by making small lifestyle or driving habit changes. Keep reading for tips to help keep prices low and find available discounts that you may qualify for.
• Second, quote rates from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only quote rates from one company like Progressive or Farmers Insurance, while agents who are independent can provide prices from many different companies. Click to view companies
• Third, compare the new quotes to your current policy and determine if cheaper Enclave coverage is available. If you can save some money and decide to switch, verify that coverage does not lapse between policies.
• Fourth, give notification to your agent or company to cancel the current policy and submit a down payment along with a signed application to the new company. Make sure you put the new certificate of insurance in a readily accessible location in your vehicle.

One piece of advice is to make sure you’re comparing identical limits and deductibles on every price quote and and to get rate quotes from as many different companies as possible. This provides an apples-to-apples comparison and the best price selection.

If you have coverage now or want to find a cheaper company, follow these tips to lower your rates and possibly find even better coverage. Locating the best rates in Anchorage is actually not that difficult if you follow our advice. Drivers just need to understand the most efficient way to get comparison rates from many different companies.

Insurance coverage analysis

The table displayed next covers different insurance prices for Buick Enclave models. Being able to understand how policy rates are determined can be valuable when making decisions on which coverage to buy.

Prices based on married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Alaska minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Rate information does not factor in specific location which can lower or raise coverage rates substantially.

Physical damage deductibles: Should you raise them?

The hardest decision when buying coverage is how low should you set your deductibles. The rates below lay out the rate difference when you buy lower versus higher physical damage deductibles. The first price estimate table uses a $100 deductible for physical damage and the second price grid uses a $1,000 deductible.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Information does not factor in specific location information which can decrease or increase prices considerably.

Based on the figures above, using a $100 deductible could cost the average driver approximately $32 more each month or $384 a year than requesting the higher $1,000 deductible. Because you would pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to go at a minimum 28 months between claims, you would most likely save money going with the higher deductible.

One important caveat is that increasing deductibles to save money means you pay more out-of-pocket if you have a claim. That will require enough money put aside in the event you have to pay the deductible.

How accidents and violations affect rates

The information below shows how violations and fender-benders can drive up Buick Enclave auto insurance costs for different age groups. The data is based on a single male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied to the premium.

Men versus women drivers and insurance cost

The diagram below shows the comparison of Buick Enclave yearly insurance costs for male and female drivers. The premiums assume no claims or driving citations, comp and collision included, $100 deductibles, single marital status, and no other discounts are factored in.

Buick Enclave liability rates compared to full coverage

The information below compares Buick Enclave premium costs with full coverage and liability only. The rates are based on no violations or claims, $100 deductibles, single status, and no discounts are taken into consideration.

When to stop buying full coverage

There is no specific rule that is best for determining when to drop full coverage, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is 10% or more of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.

For example, let’s say your Buick Enclave replacement cost is $3,000 and you have $1,000 deductibles. If your vehicle is destroyed, you would only receive $2,000 after the deductible is paid. If you are paying in excess of $200 annually for comprehensive and collision coverage, then you might want to think about dropping full coverage.

There are some situations where dropping full coverage is not in your best interest. If you still have a loan on your vehicle, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should keep full coverage on your policy.

How to find a good Anchorage car insurance company

Picking the highest-rated insurance company can be difficult considering how many different companies there are to choose from in Alaska. The ranking information below can help you select which car insurance providers to look at when looking for cheaper rates.

Top 10 Anchorage Car Insurance Companies Overall

1. USAA
2. American Family
3. State Farm
4. The Hartford
5. AAA Insurance
6. GEICO
7. The General
8. Progressive
9. Allstate
10. Liberty Mutual

Educate yourself about auto insurance coverages

Knowing the specifics of a auto insurance policy aids in choosing the best coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and coverage can change by endorsement. Below you’ll find the normal coverages available from auto insurance companies.

Auto collision coverage

Collision coverage pays to fix your vehicle from damage from colliding with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision coverage protects against claims like colliding with a tree, driving through your garage door, crashing into a ditch, hitting a mailbox and scraping a guard rail. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. You can also bump up the deductible on your Enclave to bring the cost down.

Comprehensive coverage

Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive can pay for things like rock chips in glass, falling objects, hitting a bird, hail damage and hitting a deer. The maximum payout a auto insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist coverage

This coverage protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Buick Enclave.

Because many people only carry the minimum required liability limits (Alaska limits are 50/100/25), their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family. Most of the time the UM/UIM limits do not exceed the liability coverage limits.

Medical payments coverage and PIP

Med pay and PIP coverage kick in for immediate expenses for EMT expenses, X-ray expenses, dental work and doctor visits. The coverages can be used to fill the gap from your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants and will also cover if you are hit as a while walking down the street. PIP is only offered in select states and gives slightly broader coverage than med pay

Auto liability insurance

This coverage protects you from damage or injury you incur to other people or property by causing an accident. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 50/100/25 which stand for $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and $25,000 of coverage for damaged property. Occasionally you may see one number which is a combined single limit which combines the three limits into one amount without having the split limit caps.

Liability can pay for things like attorney fees, legal defense fees, emergency aid, loss of income and funeral expenses. How much liability should you purchase? That is up to you, but consider buying as high a limit as you can afford. Alaska requires minimum liability limits of 50/100/25 but it’s recommended drivers buy more coverage.

The illustration below demonstrates why the minimum limit may not be enough coverage.

Shop around and save

Cheaper Buick Enclave insurance in Anchorage is available from both online companies in addition to many Anchorage insurance agents, so you need to shop Anchorage auto insurance with both in order to have the best chance of saving money. A few companies may not offer the ability to get a quote online and most of the time these smaller companies provide coverage only through independent insurance agents.

You just read many tips how you can lower your Buick Enclave insurance auto insurance rates in Anchorage. It’s most important to understand that the more times you quote, the higher your chance of finding cheaper Anchorage auto insurance quotes. You may even discover the lowest priced car insurance comes from a lesser-known regional company. They can often provide lower premium rates in certain areas than their larger competitors like Allstate, GEICO and Progressive.

When trying to cut insurance costs, it’s very important that you do not skimp on coverage in order to save money. There have been many situations where an insured cut collision coverage only to regret at claim time that the savings was not a smart move. Your goal is to find the BEST coverage at an affordable rate but still have enough coverage for asset protection.

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